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6 Oct 2020
Which of the following statements is true about the theory of comparative advantage?
A. Countries gain from trade only if they have absolute advantage
B. Countries can gain from trade even if they have absolute advantage in all commodities
C. Comparative advantage was proposed by Adam Smith
D. Trade will lead to fall in welfare
Ā
Which of the following statements is true about the theory of comparative advantage?
A. Countries gain from trade only if they have absolute advantage
B. Countries can gain from trade even if they have absolute advantage in all commodities
C. Comparative advantage was proposed by Adam Smith
D. Trade will lead to fall in welfare
Ā
Yusra AneesLv10
11 Nov 2020